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Money and Capitalism

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Uploaded by on Jul 24, 2007

This is my attempt to explain the nature of money, Capitalism (free exchange), and their only alternatives.

The quote at the end is from a speech in Atlas Shrugged, by Ayn Rand (recommended). I strongly recommend reading the full speech here:
http://www.capmag.com/article.asp?ID=1826

I also recommend these links:
http://bastiat.org/ (particularly The Law)

http://www.capitalism.org/faq

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Uploader Comments (Punchey)

  • "or the humanitarian value of Socialism or **any of its many shades."You need to wake up. Socialism in its most technical definition is something that almost *everyone in America has lived in.Socialism in the most technical sense is much like a family.Did it kill you to share with your mom,or your sister, or your dad???Of course not!The Socialist systems of today have become corrupt (just as capitalism has) and are so far from the actual definition of the term.

  • @esca8652

    Correction: Families are an example of communism. Socialism is where the State owns (or controls) the means of production.

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  • @thaDaniroy "are living in better conditions and are living longer with better medical treatment than most other countries." It depends on which countries you are referring to. At the rate of things in this country, life-expectancy in America will continue to go down. Countries like Japan, Denmark, Finland, and several other European countries all have higher life-expectancy than the US.

  • Capitalism and slavery fit hand in glove. Violence and whips are not antithetical to capitalism. Neither is man-made famine. Capitalism is capitalizing off of someone else's sweat, strain, sacrifice, loss. The system of empire we live under is systemized thievery. It can only be maintained by brutality.

  • Capitalism is the underlying force that drives the neurosis of modern society.

  • @Kori114 LOL It's the opposite, the ZM want to abolish money!

  • Ian Rand Enough Said :-( more repulican propaganda! rich get richer poor stay and get poorer! stop big oil tax subsidies and loopholes for corporations. we the PEOPLE not we with the most money!

  • Why does this feel like another Zeitgeist movie trailer...?????

  • Because other companies cannot compete with gov't-backed businesses these business can increase prices because the consumer has no other choice but to buy their product. Democracy is mob rule. We have a Constitution to limit the power of the majority so it cannot harm the Republic. We see many problems now because we are ignoring the Constitution and substituting pure Democracy, which will lead to socialism as described by Marx.

  • A pure free market is the only viable solution for society. We would most likely not see lead paint because you forget that businesses serve the consumer. If the consumer does not approve of the product, the consumer does not buy it and the business fails. When gov't makes special rules it creates a system where businesses can operate not serving the consumer, such as the creation of monopolies and limiting competition through regulation and tariffs. Because other companies cannot compete w

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